Africa at present is right now thriving as one of the rapidly emerging globally growing continents with divergent industries facilitating its export market.

The continent rich in natural essentials and vast manufacturing industries has seen a hike in its global exports from 2019 onwards with an overall export trade value of 790 billion US dollars. The analysis of the attributing factors shows those mining industries' essentials crude oil and gold accounts for more than 50% of the total annual export revenue share by its increasing demand in the global avenue satisfying the acquisitions of most of the real trade destination estates.

The driven investment in infrastructure development and technological advancements have not only fostered economic growth but have also recorded a hike in the continent’s globally leading rank worth an overall export trade value of 1 trillion US dollars. The expanding global middle-class population and the increasing global demands for agricultural goods and manufactured products from Africa are on their way to recording a boost in overall revenue generation in the upcoming years.

Top 10 Leading Export Destinations of Africa

The divergent natural resources and manufacturing industries present in the land area of Africa have recorded tremendous growth in their global export valuation. According to the Africa Import Export Trade Data, the top 10 globally leading export destinations of the continent in 2023 are,

1. China - As per the China Export Data, valuation of global export in 2023 - 300 billion US dollars.

Top 5 leading global exports

• Gold
• Petroleum fuels
• Platinum
• Coal briquettes
• LPG

2. United States - As per the USA Export Data, the valuation of global export in 2023 - 250 billion US dollars.

Top 5 leading global exports

• Bauxite
• Uranium
• Palladium
• Silver
• Phosphates

3. India - As per the India Export Data, the valuation of global export in 2023 - 240 billion US dollars.

Top 5 leading global exports

• Cocoa beans
• Coffee
• Tea
• Cotton
• Zinc

4. Japan - As per the Japan Export Data, the valuation of global export in 2023 - 180 billion US dollars.

Top 5 leading global exports

• Chromium
• Sugar
• Palm oil
• Cashew nuts
• Maize

5. Germany - As per the Germany Export Data, the valuation of global export in 2023 - 165 billion US dollars.

Top 5 leading global exports

• Sesame seeds
• Rice
• Wheat
• Barley
• Soybeans

6. Netherlands - As per the Netherlands Export Data, the valuation of global export in 2023 - 156 billion US dollars.

Top 5 leading global exports

• Millets
• Ground nuts
• Cashew nuts
• Palm oil
• Refined petroleum

7. France - As per the France Export Data, the valuation of global export in 2023 - 142 billion US dollars.

Top 5 leading global exports

• Cardamom
• Coriander
• Pineapple
• Textiles
• Plastic articles

8. United Kingdom - As per the United Kingdom Export Data, the valuation of global export in 2023 - 138 billion US dollars.

Top 5 leading global exports

• Iron and metal ore
• Chemical products
• Medical equipment
• Textiles
• Mineral fuels

9. Belgium - As per the Belgium Export Data, the valuation of global export in 2023 - 122 billion US dollars.

Top 5 leading global exports

• Surgical equipment
• Machinery
• Agricultural goods
• Healthcare essentials
• Fabrics

10. Spain - As per the Spain Export Data, the valuation of global export in 2023 - 115 billion US dollars.

Top 5 leading global exports

• Mineral fuels
• Agricultural goods
• Petroleum gases
• LPG
• Textiles

Top 10 Exporting Industries of Africa

According to the Africa Export Data, the top 10 exporting industries of Africa in 2023 are,

1. Oil and gas Industry - Annual export revenue generated from the Oil and gas Industry in 2023 - 357 billion US dollars.

2. Mining Industry - Annual export revenue generated from Mining Industry in 2023 - 287 billion US dollars.

3. Agriculture industry - Annual export revenue generated from Agriculture industry in 2023 - 234 billion US dollars.

4. Banking and Finance Industry - Annual export revenue generated from Banking and Finance Industry in 2023 - 124 billion US dollars.

5. Manufacturing Industry - Annual export revenue generated from Manufacturing Industry in 2023 - 116 billion US dollars.

6. Tourism industry - Annual export revenue generated from the Tourism industry in 2023 - 108 billion US dollars.

7. Telecommunication Industry - Annual export revenue generated from Telecommunication Industry in 2023 - 89 billion US dollars.

8. Textile Industry - Annual export revenue generated from Textile Industry in 2023 - 78 billion US dollars.

9. Fisheries - Annual export revenue generated from Fisheries in 2023 - 65 billion US dollars.

10. Technical Industry - Annual export revenue generated from Technical Industry in 2023 - 45 billion US dollars.

FAQ'S

Que. Name the top exporting country of Africa.
Ans. China is the top exporting country of Africa in 2023.

Que. What is the top export industry of Africa in 2023?
Ans. The oil and gas industry is the top export industry of Africa in 2023.

Que. What is the global export trade value of Africa in 2023?
Ans. The total global export trade value of Africa in 2023 is 1 trillion US dollars.

Que. Where can you get a detailed trade analysis of Africa's global exports in 2023?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of Africa's global exports in 2023.

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